Merck buys cancer therapy developer Modifi Biosciences for up to $1.3 billion
Daily Trader Insights (Reuters) – Merck has acquired Modifi Biosciences for as much as $1.3 billion, gaining access...
Business
Apple sharply cuts back on Vision Pro production, The Information reports
(Reuters) – Apple has sharply scaled back its Vision Pro production since early summer and...
3M raises profit forecast on improving demand, reviews portfolio
By Kannaki Deka (Reuters) -3M Co raised its full-year profit forecast on Tuesday, after strong...
Shift to electric vehicles will have far-reaching impact, IMF says
(Reuters) – The global transition toward electric vehicles will have “far-reaching” impacts on investment, production,...
Industrial paintmaker Sherwin-Williams profit misses estimates on weak demand
(Reuters) – Industrial paintmaker Sherwin-Williams missed Wall Street estimates for third-quarter profit on Tuesday, hurt...
BlackRock taps into AI frenzy with two new ETFs
(Reuters) – Asset management giant BlackRock on Tuesday launched two new exchange-traded funds (ETFs) aimed...
Boeing exploring asset sales to boost finances, WSJ reports
(Reuters) – Boeing is exploring asset sales in a bid to boost its fragile finances...
Boeing offers 35% pay hike over four years to end machinists’ strike
By David Shepardson (Reuters) – A union representing striking machinists at Boeing said Saturday that...
Netflix rises on strong subscriber growth, bets on higher customer sign-ups
(Reuters) – Netflix shares rose 5.2% in premarket trading on Friday, after the streaming giant...
Fifth Third Bancorp’s profit falls on higher loan loss provisions
(Reuters) – Fifth Third Bancorp reported a fall in its third-quarter profit on Friday, as...